HomeNewsBusinessStocksHold Gateway Distriparks; target of Rs 75: ICICI Direct

Hold Gateway Distriparks; target of Rs 75: ICICI Direct

ICICI Direct recommended hold rating on Gateway Distriparks with a target price of Rs 75 in its research report dated January 25, 2023.

January 28, 2023 / 20:45 IST
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ICICI Direct's research report on Gateway Distriparks

Gateway Distriparks (GDL) has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics, container freight stations. Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS • Has five intermodal terminals, built on owned land at key areas along WDFC.

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Outlook

We change our stance from BUY to HOLD recommendation. We value the stock at Rs 75 i.e. 16x P/E on FY25E EPS.